Economic Data Forecasts For The Weeks Of Dec. 9 & 16

Here are my forecasts for upcoming economic data.           Prior     Forecast Observation   Week of December 9       December 9       Wholesale Inventories – October (p) 0.0% -0.2           December 10       NFIB Small Business Optimism Index -November 94.0 93.7           Productivity – Q3 (r) 2.2% 2.2   Unit Labor Costs 1.9 1.9           December 11       Consumer Price Index – November 0.2% 0.2   Core CPI 0.3 0.3           Treasury Budget – November -$356.0B -257.7           December 12       Producer Price Index – November 0.2% 0.2   PPI less food, energy and trade services 0.3 0.3           December 13       Export Prices –  November -0.3% 0.8   Import Prices -0.3 0.3           Week of December 16       December 16       NY Fed Manufacturing Index 3.0 31.2           December 17       Retail Sales – November 0.4% 0.4   Retail Sales, ex Autos 0.3 0.1   Retail Sales, ex Autos and Gas 0.4 0.1           Industrial Production – November 0.2% -0.3   Capacity Utilization 77.2 77.1   Manufacturing 0.3 -0.5           Business Inventories – October 0.2% 0.1   NAHB Index 48 46           December 18       Housing Starts – November 1.332M 1.311   Building Permits 14.25 1.416           Current Account – Q3 -$2.87.0 -266.8   FMOC 4.375 4.625           December 19       GDP – Q3 (f) 2.8% 2.8           Leading Indicators – Nobember -0.2 -0.4   Existing Home Sales – November 4.092M 3.930           December 20       Personal Income – November 0.4% 0.6   Personal Spending 0.4 0.4

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